1249 S Westgate Ave, Los Angeles, CA 90025

1249 S Westgate Ave, Los Angeles, CA 90025

  • 5685 sq ft
$2,600,000
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Basics

  • Date added: Added 4 months ago
  • Units: 8
  • Area, sq ft: 5685 sq ft

Description

  • Description:

    First time on the market ever! 7/8 Units are vacant and renovation ready! Once stabilized and ADUs are built, the property will operate at a 7.88% cap rate and 9.09 GRM. 1249 S Westgate provides an investor with the opportunity to own a trophy asset in a desirable pocket of West LA, while also picking their own tenants! The subject property is comprised of (1) 2Bed+1Bath, (6) 1Bed+1Bath, and (1) Studio+1Bath units. Additionally, there is an opportunity to build (2) ADUs for added income. There are currently 9 parking spaces on site, as well as a common laundry area. Beneficial to the new owner, the building has copper plumbing, and all retrofit work has been completed.

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